The FBM KLCI as expected rebounded after a spate of selling recently. Though buying may be affected by that on Wall Street, we reckon market undertone should remain positive as we enter into the earnings season again.
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Spate of selling
“As such, we expect the index to hover within the 1,620-1,630 range today,” says Rakuten Trade.
Investment Idea: BNASTRA (7195)
BUY with a traget price of RM1.71 based on 12x over FY25 EPS.
Technical View: SEALINK(5145)
Resistance levels are identified at RM0.35 (R1) and RM0.38 (R2). Support levels are pegged atRM0.315 (S1) and RM0.285 (S2).
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